Alphabet to shut Google+ social site after user data exposedThe Saigon Times Daily The Google app logo is seen on a smartphone in this picture illustration taken September 15, 2017 - PHOTO: REUTERS NEW YORK (REUTERS) - Alphabet Inc’s Google will shut down the consumer version of its failed social network Google+ and tighten its data sharing policies after announcing on Monday that private profile data of at least 500,000 users may have been exposed to hundreds of external developers. The issue was discovered and patched in March as part of a review of how Google shares data with other applications, Google said in a blog post. No developer exploited the vulnerability or misused data, the review found. Shares of its parent company Alphabet closed down 1% at US$1155.92 following the latest in a run of privacy issues to hit big U.S. tech companies. The Wall Street Journal reported earlier that Google opted not to disclose the security issue due to fears of regulatory … [Read more...] about Alphabet to shut Google+ social site after user data exposed
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BUSINESS NEWS 7/8
PM to chair meeting on wood exports Prime Minister Nguyen Xuan Phuc will chair a meeting on wood processing industry and forestry exports in HCM City on August 8, the Ministry of Agriculture and Rural Development’s Viet Nam Administration of Forestry has announced.The forthcoming event will attract the participation of more than 500 enterprises operating in wood and representatives from foreign and domestic agencies. They will discuss measures for the fast and sustainable development of timber industry in the time to come.Statistics from the administration revealed that the country earned US$5 billion from forestry exports in the first seven months of this year, up 14 per cent year-on-year.The exports fulfilled nearly 56 per cent of the yearly target and made up 22.6 per cent of the total turnover of the agriculture sector.The US, China, Japan and South Korea were the largest forestry importers of Vietnamese timber goods. Other markets with strong growth … [Read more...] about BUSINESS NEWS 7/8
BUSINESS NEWS IN BRIEF 5/8
VNR to keep divesting its subsidiaries Vietnam Railway Corporation (VNR) wants to continue the divestment of its subsidiaries, aiming to improve competitiveness and attract investors to enhance efficiency after three years on a downward spiral. A report on the results of the first six months of 2018 from VNR shows that all of its business indicators are on the rise, with revenue amounting to some VND4,000 billion, up 17.8% year-on-year, and with profit reaching VND106 billion. According to the report, the growth in revenue results from a series of renovation solutions for railway services, including replacing new cars, flexibly increasing and decreasing ticket prices depending on the market demand and linking to the tourism sector to attract passengers in groups. As railway transport models are still facing challenges, VNR has been forced to continue rearranging and restructuring its mechanisms and activities to sustain its operations and develop further. Besides this, the corporation … [Read more...] about BUSINESS NEWS IN BRIEF 5/8
BUSINESS NEWS IN BRIEF 4/8
PetroVietnam signs deals on Sao Vang-Dai Nguyet gas field exploitation A series of trade agreements on exploiting the Sao Vang-Dai Nguyet gas field was inked between the Vietnam National Oil and Gas Group (PetroVietnam) and its partners in Hanoi on July 31. The agreements included a gas sales and purchase and a gas supply agreement. The stakeholder participation in the Petroleum Sharing Contract includes the operator Idemitsu Kosan Co Ltd with 43.08 percent; Teikoku Oil (Con Son) Co Ltd, 36.92 percent; and PetroVietnam, 20 percent. Speaking at the signing ceremony, PVN General Director Nguyen Vu Truong Son said the signing of trade agreements achieved after over two years of negotiations among sides involved. He said the event is very significant for the gas filed to turn out the first flow of oil and gas in the third quarter of 2020, with an estimated annual output of 1.5 billion cubic metres of gas and of 2.8 million barrels of crude oil and natural-gas condensate. The … [Read more...] about BUSINESS NEWS IN BRIEF 4/8
Some good news, some bad news, some hopeful news
by Thu Vân “Your pens are the sharp weapons in the cause of telling the truth…” Thus began a letter that President Ho Chi Minh wrote to intellectuals and journalists in the southern part of the country on May 25, 1947. He also said in the same letter that “journalists should act like brave soldiers in the revolution to gain back unity and independence for the country.” One cannot imagine loftier ideals for this profession. Today, the lofty ideals may remain, but there are times I feel these are gathering dust in the shelves of our memory as the profession goes through one existential crisis after another. More than seven decades after President Hồ Chí Minh wrote the famous letter, it is fair to say journalism has gone through many changes, all over the world. Today, the profession is wedded, one could even say welded, to technology and business, and this creates a host of challenges in terms of the profession succeeding in the … [Read more...] about Some good news, some bad news, some hopeful news